Reported 4 months ago
Stock futures are down as investors analyze the latest Gross Domestic Product (GDP) report, which fell below estimates. CFRA Research Chief Investment Strategist Sam Stovall highlights that the GDP print is overshadowed by the upcoming release of the Personal Consumption Expenditures (PCE) report, which will offer insight into inflation's impact on consumers. Stovall suggests that the Federal Reserve's interest rate decisions will be more influenced by the PCE data rather than the GDP figures, with potential rate cuts in September and December. The article emphasizes the importance of consumer spending on the economy and suggests that investors should monitor inflation and the Fed's actions closely.
Source: YAHOO
Reported 4 months ago
Kohl's stock experienced a significant drop due to a surprise loss in the first quarter and a cut in its full-year guidance, leading to a 24% decline. The retailer's CEO mentioned that the results did not meet expectations and did not reflect their strategic direction. The decline in Kohl's shares also had a ripple effect on other department stores like Nordstrom and Macy's. Despite some bright spots such as strong sales at Sephora, the overall sales decline was concerning for investors in light of the weak macro environment.
Source: YAHOO
Reported 4 months ago
Netflix is launching a new spinoff of its popular real estate reality series, Selling Sunset, set in New York City called Selling the City. The show will follow agents at Douglas Elliman as they navigate the luxury real estate market in NYC, promising stunning properties and personal drama. The cast is yet to be revealed, but production is set to begin soon with eight 45-minute episodes planned. The series will be produced by Adam DiVello, who also created Selling Sunset and its OC spinoff.
Source: YAHOO
Reported 4 months ago
The White House released a memo linking the extension of Trump-era tax cuts to potential inflation, with concerns that the Republican push to deepen these cuts could trigger an "inflation bomb" and raise costs for middle-class families. President Biden aims to extend parts of the law impacting those making under $400,000 annually, while allowing other provisions to expire to effectively increase taxes on the wealthiest Americans. Republicans warn against economic turmoil from rate increases and are considering new cuts, including lowering the corporate tax rate. The memo also addresses the corporate tax rate, with Biden wanting to raise it to 28% while Trump seeks to lower it further to 15%. Discussions on tax policies are likely to intensify in the lead-up to the 2025 debate.
Source: YAHOO
Reported 4 months ago
Unrivaled, a new women's 3x3 basketball league founded by Napheesa Collier and Breanna Stewart, is set to launch in January 2025 with a minimum six-figure salary for players, making it the highest-paying women's professional sports league in the U.S. The league aims to provide fair compensation to top talent and has the backing of major names like Alex Morgan, Megan Rapinoe, Carmelo Anthony, and Steve Nash as investors. Unrivaled offers a unique game format and plans to fill a gap in the sports calendar by starting in January, providing opportunities for players' sponsorship deals and brand development. Media rights and sponsorship deals are expected to play a crucial role in supporting higher player salaries and league growth.
Source: YAHOO
Reported 4 months ago
Living with anxiety, a patient shared that thanks to years of therapy, she was equipped to deal with the uncertainties brought by COVID-19. Having given advice to friends facing anxiety for the first time, she emphasized the importance of listening deeply, checking in, asking what the individual needs, being a positive force, and setting boundaries. These insights reflect the experiences and suggestions of individuals with anxiety, highlighting the significance of understanding and supporting their unique needs.
Source: YAHOO
Reported 4 months ago
The article discusses how billionaire Bill Gates possesses a McDonald's "Gold Card" that grants him free food for life at any McDonald's worldwide. This card is a highly coveted perk in fast food, with other notable holders like Warren Buffett. While Buffett's card is limited to Omaha, Gates' card is valid globally. The exact number of Gold cardholders is unknown, but McDonald's occasionally offers contests to non-billionaires to win this exclusive privilege. Gates, with a net worth of $124.1 billion, has expressed his love for cheeseburgers, highlighting the simplicity of enjoying a free meal despite immense wealth.
Source: YAHOO
Reported 4 months ago
The article describes a Trump rally in the Bronx aimed at Black and Hispanic voters, showcasing diverse perspectives from attendees. While some expressed enthusiasm for Trump's economic policies and disillusionment with Biden, others remained skeptical or critical, with tensions arising between pro-Israel and pro-Palestine protesters at the event. The rally attracted a mix of supporters and detractors, illustrating the complex political landscape in the Bronx.
Source: YAHOO
Reported 4 months ago
In preparation for Pride month and beyond, PEOPLE has compiled a list of essential LGBTQ+ books across genres like fiction, nonfiction, romance, thriller, and memoir that offer firsthand insights into the LGBTQ+ experience, providing support and understanding to readers exploring their sexuality or gender identity. Some highlighted titles include "Hollywood Pride" by Alonso Duralde, "The T in LGBTQ+" by Jamie Raines, "The Lookback Window" by Kyle Dillon Hertz, and "The Seven Husbands of Evelyn Hugo" by Taylor Jenkins Reid, among many others. These books serve as a powerful way to celebrate and showcase the diverse narratives within the LGBTQ+ community.
Source: YAHOO
Reported 4 months ago
Max has unveiled its LGBTQ Pride Month programming, which includes updating its LGBTQ+ Voices page with new curations, custom artwork, and more to celebrate Pride Month globally. Among the plans are a “House of Drag” viewing party hosted by Priyanka, a partnership with NewFest for community screenings of LGBTQ+ titles, and an outdoor screening of the HBO Original concert special “Gaga Chromatica Ball.” Max’s Human By Orientation platform aims to amplify queer voices and stories through year-round programming and cultural moments.
Source: YAHOO
Reported 4 months ago
Colman Domingo has gathered a star-studded cast, including Oprah Winfrey, for the Audible adaptation of his play "Wild with Happy." The dark comedy explores themes of life and death through the story of a struggling actor dealing with his mother's passing. The cast also includes Alex Newell, Tyler James Williams, and Sharon Washington. Domingo directs the audio adaptation, set to release on Audible on June 13, with Winfrey praising the play's humor and emotional depth. The production marks a reunion for Domingo and Winfrey, who previously collaborated on "The Color Purple."
Source: YAHOO
Reported 4 months ago
Living with a roommate with Obsessive Compulsive Disorder (OCD) can be challenging, but open communication and setting boundaries can contribute to maintaining harmony at home. Understanding OCD, communicating honestly, addressing issues early, using 'I' statements, and validating emotions are some strategies discussed in the article, along with creating designated spaces for specific needs and respecting each other's triggers. By sharing experiences and showing empathy, the author and their roommate were able to establish a supportive living arrangement and achieve housekeeping harmony.
Source: YAHOO
Reported 4 months ago
Wall Street's top analyst calls include PayPal being upgraded by Mizuho to Buy with a price target of $90, Datadog upgraded by BofA to Buy, and UiPath being downgraded by Needham to Hold due to various factors including macro pressure, CEO change, and margin compression. Other upgrades include Okta, C3.ai, and U.S. Cellular, while downgrades include Cava Group, First Solar, Generac, and FactSet. Initiations include Johnson & Johnson being reinstated with a Neutral rating, Intuitive Surgical being initiated with a Buy rating, and Medtronic being initiated with a Sell rating, among others.
Source: YAHOO
Reported 4 months ago
Activist investor Nelson Peltz has sold his entire stake in Disney (DIS) following an unsuccessful proxy battle where shareholders voted against granting him a seat on Disney's board. Peltz divested his position at around $120 a share, yielding a return of approximately $1 billion. Despite Disney's efforts to boost investor confidence with strategic announcements, Peltz decided to exit his investment in the company.
Source: YAHOO
Reported 4 months ago
The National Park Service warns about the dangers of getting too close to bison at Yellowstone, but some tourists like the recent pair caught on camera by another visitor ignore the advice to snap selfies up close with the large animals. The Instagram account TouronsOfYellowstone aims to shed light on such reckless behaviors at US National Parks, emphasizing that disturbing wildlife is a federal crime with severe consequences. Park visitors are reminded to keep a safe distance from all animals and view them from inside a vehicle for their own safety.
Source: YAHOO
Reported 4 months ago
Jane Fonda and Lily Tomlin expressed their excitement for Jennifer Aniston's upcoming remake of "9 to 5" at the Hollywood premiere of the documentary "Still Working 9 to 5." The original film, which highlighted issues of female empowerment, continues to resonate today, with discussions around the Equal Rights Amendment and the ongoing fight for gender equality. The documentary delves into the film's impact and relevance, emphasizing the importance of continued advocacy for women's rights.
Source: YAHOO
Reported 4 months ago
The Cleveland Cavaliers are reportedly interviewing former head coaches James Borrego and Kenny Atkinson for their head coaching job to replace J.B. Bickerstaff. Atkinson, a former Nets head coach and current Warriors assistant, is considered the frontrunner and is known for building a team-first culture. Borrego, a former Hornets head coach now with the Pelicans, is also being considered for the Los Angeles Lakers job. Both coaches are experienced and could be a good fit for the Cavaliers who are looking for an experienced head coach to lead their roster, including Donovan Mitchell and Evan Mobley.
Source: YAHOO
Reported 4 months ago
The article discusses the writer's experience trying the biggest burgers at McDonald's, Wendy's, Burger King, In-N-Out, and Shake Shack to compare taste, price, and value. The author found Shake Shack's double cheeseburger too overwhelming due to its size and price, while Wendy's and Burger King's triple-stacked burgers impressed with both taste and value. Burger King's Triple Whopper with cheese was the author's favorite due to its flame-grilled patties and fresh toppings, ranking it as the best among the burgers tested.
Source: YAHOO
Reported 4 months ago
The New England Patriots are utilizing virtual reality (VR) as a training tool for quarterback Drake Maye to enhance his development. Despite some skepticism from co-host Mike Felger, who criticized the use of VR in football training and questioned ownership's influence due to previous investments in e-sports, the team sees VR as a valuable resource to provide additional simulated repetitions for Maye. The Patriots aim to integrate VR alongside traditional on-field practices to optimize Maye's growth as a potential future quarterback, following the success of similar technology for other players like Jayden Daniels at LSU.
Source: YAHOO
Reported 4 months ago
The Dow Jones Industrial Average opened lower by over 300 points, with the Nasdaq Composite and S&P 500 also slipping. The market action is being monitored by Brad Smith and Seana Smith, focusing on Treasury yield movements following the latest GDP print. Yahoo Finance Senior Markets Reporter Jared Blikre compares the market indexes' weekly averages. Additionally, there is a mention of CRM Salesforce being a major drag on the Dow due to disappointing earnings, contributing to the market decline. Bond market movements and discussions on potential Fed rate cuts are also highlighted.
Source: YAHOO
Reported 4 months ago
"The Snowy Day," a heartwarming animated short based on the classic 1962 children's book, follows a young boy named Peter as he explores a city covered in fresh snow. Available for streaming on Amazon Prime Video, the film captures the magic and joy of childhood snowy day adventures, showcasing Peter's playful activities like making snow angels and sliding down snowy hills. Narrated by Jane Harvey, the short is part of Amazon Prime Video's diverse entertainment offerings accessible through a membership.
Source: YAHOO
Reported 4 months ago
With LeBron James' reign in the NBA coming to an end, the search for the next face of the league is on. While there is no clear successor yet, the author of this op-ed article suggests that Luka Doncic might take the crown due to his playing style, charisma, market size, and potential commercial appeal, despite personal reservations about a white player becoming the league's face. The article delves into the criteria and challenges faced by potential candidates like Anthony Edwards, Ja Morant, Jayson Tatum, and others, ultimately positioning Doncic as a potential frontrunner.
Source: YAHOO
Reported 4 months ago
The Stonewall Uprising in 1969 at the Stonewall Inn in New York City marked a pivotal moment for LGBTQ+ rights. The raid and subsequent protests against police brutality and discrimination sparked a movement and led to the establishment of LGBTQ+ activist groups. The Uprising's impact is still felt today, reminding us of the ongoing struggle for equality and the importance of standing up for what is right.
Source: YAHOO
Reported 4 months ago
Foot Locker (FL)股票在周四早盤大漲，因首季盈利超出華爾街預期，運動鞋零售商報告的同店銷售下降幅度小於預期，並重申全年銷售和利潤預測。Yahoo Finance的Brad Smith和Seana Smith在上述視頻中討論了這些結果揭示了公司轉型計劃的內容。查看全文。
Source: YAHOO
Reported 4 months ago
Old Navy's latest linen dress collection includes a fit & flare sleeveless midi dress praised by shoppers for its classic silhouette, flattering fit, pockets, and comfortable linen-blend material perfect for summer. Priced from $14, it's drawing comparisons to a similar J.Crew style priced at $98, making it a more affordable yet stylish option. Shoppers are loving the Old Navy dress for its quality and value, making it a popular choice for the season.
Source: YAHOO